The New York City Economic Development Corporation has selected RAL Development Services to develop a high-tech office building at 124 East 14th Street, near Union Square. Civic Hall, an organization that describes itself as a “collaborative innovation center,” will anchor the new building, Politico reported. It’s unclear whether the project will include other uses. The 15,450-square-foot site, occupied by a vacant, two-story commercial building, can accommodate up to 92,700 square feet of commercial space. An additional 46,350 square feet of space could be built as residential or community facility space. Demolition permits have not been filed.
The Landmarks Preservation Commission recently approved an application that will see a TriBeCa building grow in height, but not in residential unit count. 51 White Street will go from five stories with 13 units to seven stories with nine units, in addition to office space on the ground and cellar levels.
RJ Capital Holdings is planning to develop an eight-story, 136,000-square-foot commercial building at 107-02 Queens Boulevard, located on the corner of 70th Avenue in Forest Hills.
After two years of negotiations, Related Companies has reached a deal to lease 15 contiguous floors, or 850,000 square feet, to BlackRock, the investment management corporation, at its planned 2.9-million-square-foot, 985-foot-tall office tower 50 Hudson Yards. The building is located along Tenth Avenue, between West 33rd and 34th streets, in the Hudson Yards district.
Boston Properties is conducting a $150 million renovation on the six-story, 200,000-square-foot commercial building at 159 East 53rd Street, in Midtown East. The structure, known as the base component of the 59-story former Citigroup Center at 601 Lexington Avenue, will receive a redesigned façade with larger windows and a new private lobby and entrance. The ground-floor and below-grade retail spaces will also see renovations, as well as the installation of a food hall and dining area, Crain’s reported. A renovation to the public plaza beneath 601 Lexington is also in store. Since the complex was designated an individual landmark on Tuesday, the Landmarks Preservation Commission must approve any exterior alterations. The building is currently vacant.